In 2023, Germany led in tax expenditures on coal for electricity with a notable value decline of 8.61%, attributing to their transition towards renewable energies. Portugal showed a strong upward trend with a 10.59% increase, emphasizing increased coal reliance. The United States and Brazil saw minimal changes, both declining slightly. Finland, Slovakia, France, and Hungary observed modest increments, while Ireland and Czech Republic faced declines.
Future trends to watch involve potential policy shifts towards renewable energy, with countries striving to meet carbon neutrality goals by reducing coal reliance, affecting tax expenditures. Monitoring these movements will be crucial for understanding global energy transitions.
Top countries in Tax Expenditure on Coal for Electricity Generation Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 66.86 | 2023 | -6.33% | -8.61% | View data |
| 2 | 2 Finland | 16.29 | 2023 | +7.32% | +1.6% | View data |
| 3 | 3 Portugal | 12.52 | 2023 | +8.98% | +10.59% | View data |
| 4 | 4 United States | 4.28 | 2023 | -0.36% | -0.22% | View data |
| 5 | 5 Slovakia | 4.01 | 2023 | +4.93% | +1.38% | View data |
| 6 | 6 France | 2.06 | 2023 | +7.3% | +3.91% | View data |
| 7 | 7 Brazil | 1.96 | 2023 | +3.9% | -9.76% | View data |
| 8 | 8 Czech Republic | 1.25 | 2023 | 0% | -3.32% | View data |
| 9 | 9 Sweden | 1.04 | 2023 | +3.17% | -7.66% | View data |
| 10 | 10 Hungary | 0.68 | 2023 | +6.5% | +3.2% | View data |
